Complete the documentation necessary to show the tenant's intent to return possession of the unit to you as of a specific date.

Unfortunately, I graduated from college with 164k in student loan debt which ended up being 1,780/month.

We then create a second position note on one of our rental properties that is leveraged under 80% and bring up the leverage to 80% as long as the cash flow can support the added debt expense.

That way you are lowering your payments which helps your debt to income ration with your bank when they are looking at your stats to make you a loan. 

Your debt service coverage ratio must be 1.25 or better.  

Return of possession of the unit back to you as soon as possible with the least amount of damages and with the least amount of monetary loss.Everything's negotiable. 

Additionally, the investor receives no possession rights for 3 years but the investor can forclose after 3 years and get a clean title.

We both hold full time steady jobs outside of real estate which helps with the debt to income.

I wouldn't say they're "scared", but they will look at your debt to income ratio.

All checks worked out very well (good credit score, not much in revolving debt, etc), but I did take a risk in doing it.